Shared a legendary journey from entering the cryptocurrency world with 400,000 funds, experiencing a low point with only 80,000 left, to now accumulating assets worth tens of millions. Throughout this journey, persistent learning and cognitive enhancement became the key to turning the fate around. He generously summarized five valuable insights to inspire every friend fortunate enough to read this:
1. In the face of a sharp decline in the early market, stay calm: Many times, this is just an overreaction to negative news from the previous night. Maintain patience and wait for the market to self-correct and reverse, rather than rushing to stop losses. Conversely, if a sharp rise occurs towards the end of trading, it should be approached with caution, as this may be the main capital testing the waters or a strategy to lure in buyers, and a low opening the next day to suppress and accumulate is not uncommon.
2. Trading volume: The key to understanding the market: Trading volume is an important indicator of market activity and trend direction. A rise in price with decreasing volume often indicates strong control by the main players, and market confidence is stable; while a decline in price with decreasing volume may suggest that panic selling is not over, and the market bottom has not yet formed, potentially prolonging the downtrend.
3. Grasp the rhythm of sector movements: Sector trends often follow the five-wave theory, each wave has its specific significance and characteristics. Particularly, the third wave, as the main upward wave, often has the largest increase. However, the market is variable, and the five-wave structure may not always be complete, requiring flexible responses. When leading sectors show stagnation and the momentum for catching up weakens, one should be alert for topping signals.
4. Acceleration at the top of Bitcoin and sector rotation: Historical data shows that the acceleration phase at the top of Bitcoin often accompanies significant rises in specific altcoin sectors, which usually indicates that the market is about to reverse. Observing whether leading cryptocurrencies stop declining and start rising can serve as an important reference for judging the subsequent market trend.
5. Focus and mastery: For newcomers entering the cryptocurrency world, focusing on one trading strategy and deeply researching it until mastering it is far more effective than superficially learning multiple methods. Biting off more than you can chew and frequently switching trading modes will only increase the probability of making mistakes. Only by calming down, progressing step by step, can one gradually move towards stable profits, further expand the learning boundary, and achieve a comprehensive understanding of strategies.
Finally, I remind all investors that while pursuing high returns, it is essential to maintain risk awareness, analyze rationally, and make cautious decisions. Follow my homepage to receive free bull market layout strategies daily, and embark on a journey of wealth together!
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